Why is East WestFreight falling/rising?

As of 23-Oct, East West Freight Carriers Ltd is experiencing a slight increase in its stock price, currently at 4.39, with a change of 0.02, representing a 0.46% rise. The stock has shown a strong performance recently, gaining 9.65% over the last three days and outperforming its sector by 1.86%. However, despite this recent uptick, the stock has had a challenging year, with a year-to-date return of -45.19% and a one-year return of -37.46%. The company has a Return on Capital Employed (ROCE) of 7, indicating an attractive valuation, but it is trading at a discount compared to its peers. The significant decline in profits, which have fallen by 94.9% over the past year, raises concerns about the stock's long-term viability.
In the broader market context, the stock's short-term performance of +8.13% over the past week significantly outpaces the Sensex, which has only increased by 1.30% during the same period. However, the stock's long-term performance remains weak, with underperformance against the BSE500 over the last three years, one year, and three months. The company faces challenges such as a high Debt to EBITDA ratio of 6.10 times and a decline in net sales and profits, which have both decreased by 28.18% in the latest six months. These factors contribute to a mixed outlook for the stock, as it struggles with fundamental weaknesses while showing some short-term gains.